Mufg Securities Canada LTD. Trims Stock Position in eMagin Corporation $EMA

Mufg Securities Canada LTD. lessened its stake in shares of eMagin Corporation (NYSE:EMA) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 457,692 shares of the company’s stock after selling 37,493 shares during the quarter. Mufg Securities Canada LTD.’s holdings in eMagin were worth $22,560,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EMA. State of Tennessee Department of Treasury acquired a new position in shares of eMagin in the 2nd quarter valued at $7,749,000. Syon Capital LLC acquired a new position in shares of eMagin in the 3rd quarter valued at $306,000. Russell Investments Group Ltd. increased its holdings in shares of eMagin by 26.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 107,611 shares of the company’s stock valued at $5,164,000 after acquiring an additional 22,654 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of eMagin in the 4th quarter valued at $356,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of eMagin by 1,375.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 708 shares of the company’s stock valued at $35,000 after acquiring an additional 660 shares during the period.

eMagin Price Performance

Shares of EMA opened at $52.53 on Monday. The company’s fifty day moving average is $52.38 and its two-hundred day moving average is $50.80. eMagin Corporation has a 1 year low of $44.12 and a 1 year high of $54.06.

eMagin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a $0.7325 dividend. This represents a $2.93 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, May 1st.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMA. Barclays cut their target price on shares of eMagin from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Weiss Ratings cut shares of eMagin from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised shares of eMagin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.33.

eMagin Company Profile

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.